Jersey Oil and Gas PLC (LON:JOG) has enjoyed a 100% success rate in the latest North Sea licensing round after acquiring Block 21/2a in the Greater Buchan Area.
It has now built significant offshore acreage around its Verbier discovery after landing three additional blocks last month hosting an estimated 100mln barrels of oil equivalent.
This latest portfolio addition – won during the 31st Supplementary Offshore Licensing Round - brings with it an additional 14mln barrels in the form of the Glenn oil discovery.
Chief executive Andrew Benitz said he was “delighted” by the company’s latest success.